Stock Analysis on Net
Stock Analysis on Net

Kellanova (NYSE:K)

Common-Size Income Statement
Quarterly Data

Kellanova, common-size consolidated income statement (quarterly data)

Microsoft Excel
3 months ended: Jun 29, 2024 Mar 30, 2024 Dec 30, 2023 Sep 30, 2023 Jul 1, 2023 Apr 1, 2023 Dec 31, 2022 Oct 1, 2022 Jul 2, 2022 Apr 2, 2022 Dec 31, 2021 Oct 2, 2021 Jul 3, 2021 Apr 3, 2021 Dec 31, 2020 Sep 26, 2020 Jun 27, 2020 Mar 28, 2020 Dec 28, 2019 Sep 28, 2019 Jun 29, 2019 Mar 30, 2019
Net sales 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00
Cost of goods sold -63.63 -67.78 -65.38 -65.91 -67.35 -70.56 -69.74 -70.78 -70.42 -68.44 -70.61 -67.84 -65.57 -67.47 -65.79 -64.98 -65.45 -66.47 -66.24 -70.34 -65.73 -68.57
Gross profit 36.37% 32.22% 34.62% 34.09% 32.65% 29.44% 30.26% 29.22% 29.58% 31.56% 29.39% 32.16% 34.43% 32.53% 34.21% 35.02% 34.55% 33.53% 33.76% 29.66% 34.27% 31.43%
Selling, general and administrative expense -20.93 -19.94 -24.18 -21.86 -20.20 -19.09 -21.52 -19.89 -18.84 -17.48 -19.77 -19.82 -20.25 -19.36 -23.09 -23.04 -19.94 -20.08 -22.59 -21.86 -22.80 -20.61
Operating profit 15.44% 12.28% 10.44% 12.24% 12.44% 10.35% 8.74% 9.33% 10.74% 14.08% 9.62% 12.34% 14.18% 13.17% 11.11% 11.99% 14.60% 13.45% 11.17% 7.80% 11.47% 10.82%
Interest expense -2.60 -2.59 -3.09 -2.11 -2.18 -2.09 -1.80 -0.99 -1.40 -1.53 -1.49 -1.52 -1.63 -1.65 -2.45 -1.84 -1.99 -1.88 -1.95 -2.14 -2.17 -2.10
Other income (expense), net 1.03 1.34 -7.35 -0.61 0.84 0.51 -10.64 1.37 1.55 2.02 8.25 0.00 2.42 1.93 -0.87 2.04 0.87 1.49 -1.83 4.45 1.30 1.48
Income from continuing operations before income taxes 13.88% 11.03% 0.00% 9.52% 11.10% 8.77% -3.70% 9.71% 10.90% 14.57% 16.37% 10.82% 14.96% 13.45% 7.79% 12.19% 13.48% 13.07% 7.38% 10.11% 10.60% 10.19%
Income taxes -3.04 -2.56 -0.64 -2.64 -2.30 -1.83 1.02 -1.88 -2.51 -3.05 -3.77 -2.54 -4.05 -3.04 -1.59 -1.90 -3.15 -2.75 -2.61 -2.70 -2.14 -2.04
Earnings (loss) from unconsolidated entities 0.03 0.00 0.08 -0.03 0.09 0.06 0.08 0.08 0.05 0.03 0.09 0.14 -0.08 -0.06 -0.20 -0.03 -0.12 -0.06 -0.06 -0.06 -0.03 -0.06
Net income from continuing operations 10.87% 8.47% -0.56% 6.85% 8.89% 7.00% -2.61% 7.91% 8.44% 11.55% 12.69% 8.42% 10.83% 10.35% 6.00% 10.27% 10.22% 10.26% 4.72% 7.35% 8.44% 8.09%
Income from discontinued operations, net of taxes 0.00 0.00 1.77 0.00 1.91 2.03 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net income 10.87% 8.47% 1.20% 6.85% 10.80% 9.04% -2.61% 7.91% 8.44% 11.55% 12.69% 8.42% 10.83% 10.35% 6.00% 10.27% 10.22% 10.26% 4.72% 7.35% 8.44% 8.09%
Net (income) loss attributable to noncontrolling interests -0.09 -0.13 -0.12 -0.03 -0.15 -0.12 0.05 -0.05 0.00 -0.05 -0.03 0.06 -0.14 -0.08 -0.09 -0.12 -0.09 -0.09 -0.22 -0.03 -0.17 -0.09
Net income attributable to Kellanova 10.78% 8.34% 1.08% 6.83% 10.65% 8.92% -2.56% 7.86% 8.44% 11.49% 12.66% 8.48% 10.69% 10.27% 5.92% 10.15% 10.13% 10.17% 4.50% 7.33% 8.26% 8.01%

Based on: 10-Q (reporting date: 2024-06-29), 10-Q (reporting date: 2024-03-30), 10-K (reporting date: 2023-12-30), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-07-01), 10-Q (reporting date: 2023-04-01), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-10-01), 10-Q (reporting date: 2022-07-02), 10-Q (reporting date: 2022-04-02), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-10-02), 10-Q (reporting date: 2021-07-03), 10-Q (reporting date: 2021-04-03), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-26), 10-Q (reporting date: 2020-06-27), 10-Q (reporting date: 2020-03-28), 10-K (reporting date: 2019-12-28), 10-Q (reporting date: 2019-09-28), 10-Q (reporting date: 2019-06-29), 10-Q (reporting date: 2019-03-30).

Income statement item Description The company
Operating profit The net result for the period of deducting operating expenses from operating revenues. Kellanova operating profit as a percentage of net sales increased from Q4 2023 to Q1 2024 and from Q1 2024 to Q2 2024.
Income from continuing operations before income taxes Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Kellanova income from continuing operations before income taxes as a percentage of net sales increased from Q4 2023 to Q1 2024 and from Q1 2024 to Q2 2024.
Net income attributable to Kellanova The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Kellanova net income attributable to Kellanova as a percentage of net sales increased from Q4 2023 to Q1 2024 and from Q1 2024 to Q2 2024.